Image: Terra-Gen / CPA. The government of Sri Lanka has entered into a power purchase agreement (PPA) with Australian firm United Solar Group (USG) for a major floating solar power (FPV) and storage project. The country’s Minister of Power and Energy Kanchana Wijesekera announced the PPA on X, formerly known as Twitter, yesterday (12 December).
Floating PV park on Tengeh reservoir, Singapore. Image by: Trina Solar. The government of Sri Lanka has approved a power purchase agreement (PPA) with United Solar Group of Australia that will allow the Aussie company to install a 700-MW floating solar park with battery storage.
When it initially unveiled the proposal, United Solar Group said that the project was a partnership with the Sunpower Consortium, expecting the plan to enable the production of 1,100 GWh of green power annually. The scheme was put forward in response to an Expressions of Interest from the Sri Lankan government for projects of above 50 MW.
The scheme was put forward in response to an Expressions of Interest from the Sri Lankan government for projects of above 50 MW. According to local media, around USD 500 million of the total investment will be allocated for domestic project components. (USD 1.0 = EUR 0.926)